It is only through collective collaboration and action that an economically prosperous nation is possible. Together we can activate a new economic and social order for all South Africans.
The advancement of the South African economy requires collaboration between the public and private sector, large and small businesses alike. It necessitates the energy and commitment of all South Africans to work to achieve meaningful and sustainable development through the creation of economic opportunities.
The importance of becoming a Donor cannot be overstated, as it means the difference between success and failure for emerging businesses. Without access to capital and resources, chances of moving from a start-up to a viable business are exceedingly difficult.
By donating to Black Umbrellas, you are investing in a credible, viable programme of economic development and transformation through the support of black entrepreneurship. Additionally you are supporting the business environment that links big business to smaller black enterprises, thus bridging the traditional gaps that no longer have a place in a new economic order.
Become a Donor today to be part of this change.
20 points on the B-BBEE scorecard are available for Preferential Procurement calculated as follows:
In terms of Statement 000,
All SMMEs within Black Umbrellas are 100% black-owned Exempted Micro Enterprises and thus have a 110% BEE Procurement Recognition level. In addition, if the Measured Entity procures goods and services from a supplier that is a recipient of enterprise development contributions from the Measured Entity under Code series 600, the recognisable B-BBEE Procurement Spend that can be attributed to that Supplier is multiplied by 1.2.
Thus if the Measured Entity contributes to Black Umbrellas as part of its Enterprise Development initiatives and procures from a client within the programme, the BEE Procurement Recognition will be enhanced by a further 20% i.e. 132%.
If the Measured Entity spends R100,000 with a client within the Black Umbrellas programme and makes an enterprise development contribution to Black Umbrellas, the BEE Procurement Recognition will be as follows: R100,000 x 110% (EME and black ownership > 50%) x 120% (enterprise development contribution to EME via supplier development programme) = R132,000 (32% enhanced benefit).
If the Measured Entity spends 15% of its Total Measured Procurement Spend with clients within Black Umbrellas, it will be entitled to a further 6 points, 3 points because all SMMEs are EMEs and 3 points because all clients are more than 50% black owned.
For those companies who wish to diversify their supply chain by including more black owned EMEs, a collaborative solution is available through Black Umbrellas whereby 100% black owned clients who meet the companies’ supply chain needs are identified via the companies’ supplier databases, the Blackpages and the existing SMMEs (within the Black Umbrellas programme) and a managed supplier development solution is provided via the Black Umbrellas incubator.
The managed supplier development solution will ensure the risk to companies in bringing new suppliers into their supply chain will be minimised via the systems and processes already operational under the Black Umbrella’s program, namely:
The supplier development programme would also provide significant B-BBEE scorecard benefits to a participating company, as they would be able to claim 125% of the amounts contributed to Black Umbrellas for enterprise development purposes and would be able to claim 132% of any procurement from SMMEs within the programme.
Donors are advised to state the branch prefix and their contact telephone number in the reference of their deposit (eg: under Reference………”PTA – 012 326-9196”).
This will go a long way in assisting us to identify the donor, recipient and contact details of the donor.
OUR CONTACT DETAILS
011 592 6401
021 447 7156
JOHANNESBURG | 010 590 5555
CAPE TOWN | 021 447 7156
DURBAN | 031 327 3200
PRETORIA | 012 342 5678
PORT ELIZABETH | 041 501 3400
RICHARDS BAY | 035 901 8760
MOOINOOI | 011 100 1738
LEPHALALE | 014 763 1820
Our Hotline is available
24 Hours a day
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